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Nonprofit · EIN 74-1736182

TEXAS NAVY INC

Tax-exempt · GALVESTON, TX 77551

Financials

$96K$101K2024
Revenue Expenses · by fiscal year end
Financials of TEXAS NAVY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$96,133$101,086-$4,953$112,014$4,253$107,761
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$96,133

Expenses

Compensation of officers, directors and key employees
$0
Other expenses
$101,086
Program services (functional)
$101,086

Balance sheet and other

Total assets, start of year
$115,884
Total assets, end of year
$112,014
Total liabilities, end of year
$4,253
Net assets, end of year
$107,761
Cash, savings and investments
$88,882
Gross receipts
$96,133

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
SCOTT POWELLPRESIDENT3$0
JIMMY PEETVICE PRESIDE2$0
JAMES BERNSENSECRETARY1$0
KATHY HOWELLTREASURER1$0
DAVID WETZELMEMBER1$0
MARIANN LAUGHLINMEMBER1$0
ROBERT FRYMEMBER1$0
CHARLES PATTERSONMEMBER1$0
WAYNE COURREGESMEMBER1$0
ANDY HALLMEMBER1$0

Address and contacts

Address (IRS master file)
6341 STEWART RD 102, GALVESTON, TX 77551-1880
In care of
% DAVID WETZEL
Mailing address (990-N for 2023)
6341 STEWART RD 102, GALVESTON TX 775511880
Principal officer (990-N for 2023)
Katherine Howell, 6341 Stewart Rd102, Galveston TX 77551
Signed the 990-EZ
SCOTT POWELL, PRESIDENT
Return prepared by
SHEFFIELD TRACKWELL & RAPP LLC

Mission

PROMOTE THE HISTORY OF THE TEXAS NAVY

990-EZ for the year ended December 31, 2024

Program accomplishments

  • UNDERTAKING TO FIND THE REMAINS OF THE TEXAS NAVY SHIP, THE INVINCIBLE, BURIED ON THE GALVESTON, TEXAS BEACH.
  • UNDERTAKING TO FIND THE REMAINS OF THE TEXAS NAVY SHIP, THE INVINCIBLE, BURIED ON THE GALVESTON, TEXAS BEACH.
    Expenses $101,086

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-N on file

IRS record

EIN
74-1736182
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1973
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$112,014
Income (IRS master file)
$96,133

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$96,133$101,086$112,014XML
990-N for 2023
Officer: Katherine Howell
December 31, 2023≤ $50,000 receipts––e-Postcard
990-N for 2022
Officer: DAVID WETZEL
December 31, 2022≤ $50,000 receipts––e-Postcard
990-N for 2014
Officer: Bill Turner
September 30, 2015≤ $50,000 receipts––e-Postcard

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about TEXAS NAVY INC

What is the EIN of TEXAS NAVY INC?
The employer identification number (EIN) of TEXAS NAVY INC is 74-1736182.
Is TEXAS NAVY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
Are donations to TEXAS NAVY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TEXAS NAVY INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TEXAS NAVY INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TEXAS NAVY INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who is the principal officer of TEXAS NAVY INC?
The 990-N for 2023 names Katherine Howell.
Who are the officers and directors of TEXAS NAVY INC?
The 990-EZ for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does TEXAS NAVY INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $96,133, expenses of $101,086 and total assets of $112,014 at year end.

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